Analysis for September 16th, 2014
EUR USD, “Euro vs US Dollar”
One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of a large zigzag. The pair is forming a descending impulse A of (E); right now, it is expected to start an ascending correction [iv] of A of (E) of [B].
Probably, the price is finishing a descending impulse [iii] of A, which may be followed by an ascending correction [iv] of A.
Possibly, the pair is completing a descending impulse (v) of [iii] of A, which may be followed by an ascending correction [iv] of A.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming the final descending wave E of (B) of a large skewed triangle (B), which may take the form of zigzag.
Possibly, the price completed an impulse [a] of E of a descending zigzag E of (B) and started forming an ascending correction [b] of E, may be in the form of zigzag.
Probably, the pair completed a descending impulse (v) of [a] and started forming an ascending correction [b], may be in the form of zigzag.
USD CHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave E, which may take the form of a large zigzag. The price is forming an ascending impulse [a] of E; right now, it is expected to start a descending correction (iv) of [a] of E.
Probably, the pair is finishing an ascending impulse (iii) of [a], which may be followed by a descending correction (iv) of [a].
Possibly, the price is completing an ascending wedge v of (iii) of [a], which may be followed by a descending correction (iv) of [a].
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse (A). Right now, the price is forming its final ascending impulse 5 of (A).
Probably, the pair is completing an ascending impulse [iii] of 5, which may be followed by a descending correction [iv] of 5.
Possibly, the price is finishing an ascending impulse (v) of [iii] of 5, which may be followed by a descending correction [iv] of 5.
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